KUALA LUMPUR (March 3): Wellcall Holdings Bhd saw 6.25 million shares, representing a 1.88% interest, traded off-market today, subsequent to the announcement of Chew Chee Chek’s resignation yesterday (Monday, March 2).

According to Bloomberg data, the transaction was done in a single block at RM2 a share, at almost 2% discount from the closing price of RM2.04 today. The deal was valued at RM12.5 million.

The parties involved in the transaction were not known at press time.

Yesterday, Wellcall (fundamental: 3.0; valuation: 2.1) announced that Chew, who was executive director, resigned due to health reasons.

The resignation was effective Feb 27, 2015.

Chew also had substantial interests in Wellcall.

Based on latest shareholding changes filed with Bursa Malaysia, Chew had 6.51% and 0.17% direct and indirect interests respectively, in the rubber hose manufacturer.

Wellcall went up two sen or 0.99% to close at RM2.04 today, for a market capitalisation of RM673.28 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)